Daily Archives: July 12, 2019 (24 Articles Found)

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MPH Bookstores is closing its last two Singapore shops – here’s a look back at the store in its heyday at Stamford Road

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Bookstore lovers were hit with some more bad news on Fri morning when it was reported that the retail shops of MPH Bookstores could soon be no more, due to high rental costs for both existing outlets were…

This Singaporean wants to build a floating private island. But he’s starting with urban farming

In a former car park on the 11th floor of Shaw Tower, three hungry chickens cluck at my feet as I take in the three-way panoramic view. Growing on the northern half is corn and other stalk vegetables;…

Centre ensures important buildings well protected and guarded against threats

The Centre for Protective Security (CPS) has been engaging building owners since the introduction of a new law last Dec which makes it mandatory for some buildings to have enhanced security measures. The centre’s role, among others, is…

Revamped community club at Hong Lim Green to cater to working professionals

The Telok Ayer Hong Lim Green CC has been revamped after almost half a century in operation – with a new name and a new spirit as it aims to better meet the needs of working professionals in…

Is buying Orchard Towers property a good idea?

Orchard Towers is neck-and-neck with Geylang, for showcasing the underside of Singapore. But some would say it’s a much more atas version of Geylang. But does all of this overshadow the fact that Orchard Towers is prime, central…

[2019 edition] guide to the cheapest and coolest co-working spaces in Singapore

Here’s a guide to 10 co-working spaces in Singapore that will suit your needs and budget. 1) The Workshop – Is probably the cheapest co-working space in Singapore; 2) JustCo – Despite its central locations, probably the cheapest…

Sephora Takashimaya reopens with a gold-member concierge service

Sephora Takashimaya has reopened after a two-month renovation with a concierge service for gold members. The beauty retailer’s new store has also elevated its in-store experience by integrating both technology and more of a human touch. Touted as…

Mapletree Industrial Trust’s DPU could get 2.5% leg up from Kolam Ayer 2 Cluster redevelopment

Mapletree Industrial Trust’s (MIT) DPU could get a 2.5% boost from FY 2023 backed by a stronger 80% rental uplift and the 71% GFA increase brought about by its $263m redevelopment undertaking of Kolam Ayer 2 Cluster, a…

Landlords cash in on Singapore’s coworking boom

In the midst of the unprecedented growth in Singapore’s coworking scene, landlords are rising as one of the main beneficiaries of the flexible workspace trend. Major landlords in Singapore have either invested in a coworking operator or set…

Property facing demand-supply mismatch but Redas sees limited price downside

While the current situation of high supply and subdued demand in the property market may be challenging, observers say that the downside may be limited as private home prices look towards stabilisation. Cooling measures introduced in July last…

REIT managers welcome MAS consultation paper, question hangs over classification of perpetual securities

On July 2, MAS published a consultation paper to consider raising the regulatory gearing limit (debt-to-asset ratio) for reits from the current 45%, and to introduce a minimum interest coverage ratio (ICR). Hong Kong imposes a leverage limit…

Unit at One Shenton going for $2.2 mil

At One Shenton in District 1, a 1,206 sqft unit will be put up for its first auction with ET&Co on July 31. Up for mortgagee sale, the unit has a guide price of $2.2 million ($1,824 psf).…

CBRE’s Martin Samworth: Transcending space

Beyond physical space, real estate advisers have to help create environments that draw people in – whether it is for a shopping centre, office, hotel or restaurant. “You can walk into a restaurant or bar and think, ‘I’m…

Resale unit at Leonie Gardens reaps $1.8 mil profit

The seller of a unit at Leonie Gardens made the top gain of $1.83 million over the week of June 26 to July 2. The 1,733 sqft, three-bedroom unit on the 14th floor was bought for $860,000 ($496…

Braving curbs, Chinese buyers lead foreign revival in Singapore’s luxury homes

Foreigners are once again pouring money into Singapore’s high-end property market despite hefty levies introduced last year. And, it is the Chinese who are leading the return, property brokers say, even though British billionaire James Dyson grabbed headlines…

Tenants upset over Thomson Plaza renovation works

At least 20 retailers will vacate Thomson Plaza permanently as it undergoes major renovation works that started earlier this month and will last until the second quarter of next year. The mall turns 40 this year. Parts of…

Crabs reared in much larger homes

Ms Francine Chu expressed her dismay at seeing the small containers in which crabs were seemingly kept at the Aquaculture Innovation Centre (Rear crabs in more humane way, July 5). The photos in ST article that she was…

Why escalators at MRT stations take so long to repair

We thank Mr Soo Weng Keong for his feedback on escalator service at MRT stations (Maintenance and repair of escalators at MRT stations taking too long, July 10). To better serve commuters, SMRT has appointed Otis Singapore to…

Maintenance more cost-effective than replacing old parts

It was reported that higher MRT fares are necessary to fund the increased cost of higher rail reliability. Apparently, a large chunk of the improved rail reliability is due to a massive overhaul of the NSEWL which started…

Train operators, as public service providers, should not be focusing on profits

Transport Minister Khaw Boon Wan recently warned of higher public transportation fares. This was to reflect the increasing costs of operating Singapore’s MRT system, especially with SMRT Trains and SBS Transit’s train division losing $86 million and “tens…

Multi-pronged approach to address errant PMD riders

We refer to the recent forum letters on PMD regulations. Public safety is always the top priority. LTA shares writers’ views of the need for a more expedient and effective way of identifying errant PMD users. This is…

Singapore still at a nascent stage with PMDs

I refer to ST report (Too fast and too reckless, July 7). When the Active Mobility Advisory Panel reviewed the regulations last year, we made a carefully-considered recommendation to lower the speed limit on footpaths. This is because…

MPH’s two remaining bookstores in Singapore to close by September

The two remaining MPH bookstores in Singapore are slated to close in July and Sept. The last day of operations for the Raffles City outlet is Jul 28, and the moving out sale will go on until then.…

TPG Telecom showing slower speeds, poorer signal than Singtel, StarHub and M1: Study

Ahead of its official launch, Singapore’s fourth telco TPG Telecom started a price war in the crowded telecommunications scene here, but its ability to keep a signal and download speeds have not matched up to its incumbent rivals’…

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